CVS called! They are ready to make you a supplier, potentially placing your products on shelves across thousands of locations. However, to sell to CVS, your business might need to make a few adjustments in order to meet CVS’s EDI trading requirements.
Electronic data interchange (EDI) is the standard style of communication businesses use to complete B2B transactions.
EDI requires a Value-Added Network (VAN), such as TrueCommerce, SPS Commerce, and B2BGateway, to facilitate the translation of data into a readable format and exchange between systems.
While a VAN is necessary for EDI to work correctly, many businesses also implement an EDI order management system for automating routine tasks, speeding up order processing, and managing inventory, fulfillment, and trading partnerships. Acctivate, as an EDI order management system, provides your business with the tools to optimize and enhance trading, providing accuracy, transparency, and the power needed to strengthen and maintain a profitable relationship with a big box store like CVS.
For new suppliers, CVS EDI compliance, typically requires an established, working relationship with a VAN before business can begin. In order to eliminate unnecessary steps on both ends, CVS requires assurance you are set up with your VAN before sending purchase orders. VANs translate orders from CVS EDI into a legible format for your EDI order management system.
CVS & Your EDI Order Management System
Acctivate as an EDI order management system reduces data re-entry, easily manages complex and abundant orders, quickly imports orders, and monitors picking, packing and shipping seamlessly. Through an EDI order management system, your business can manage financial data, pinpoint where to reduce costs, and improve trading partner relationships.
CVS uses EDI, like most big box stores, to dramatically cut costs and allow suppliers more power to profit from the partnership. An EDI order management system provides small businesses with the same benefits, automation and profitability enhancements. The primary benefits of an EDI order management system are found in three areas: capturing EDI data; automating routine tasks; and managing inventory and fulfillment operations.
CVS EDI & Data Entry
Once your business is set up with an EDI order management system like Acctivate, the benefits and positive effects to your operations will be almost instant. Acctivate’s EDI manager works directly with your VAN to maintain all data exchanged between CVS’s EDI system and your system in one place.
Orders, ASNs, invoices and other EDI documents are viewable upon opening the Acctivate EDI manager. With purchase orders automatically imported into Acctivate, your business will experience the ease of nearly eliminated data re-entry, preventing most errors and mistakes. Your Acctivate EDI manager alerts you to any changes or updates coming from CVS to avoid chargebacks and promote accuracy. With one click, you can process and send ASNs and invoices directly to CVS.
CVS EDI & Order Management
Managing complex, high-volume orders from CVS is low effort with Acctivate’s EDI order manager in effect. The EDI order manager uses incoming orders to produce and streamline workflows and warehouse instructions for picking, packing, labeling, and shipping. Through data centralization and automation of routine tasks, users can precisely see the actions taking place around orders. With the added transparency and control, your business benefits from Acctivate through accuracy, enhanced productivity, and lower costs.
CVS EDI & QuickBooks
Acctivate’s bi-directional QuickBooks integration makes it easier than ever for a business to gain advanced functionalities for optimizing and growing EDI operations while maintaining financials securely within QuickBooks.
CVS EDI & Inventory
Full visibility of your inventory goes hand-in-hand with EDI order management. Acctivate alerts you to low stock, suggests and automates re-orders, and displays inventory data in real time. Properly controlled inventory management is critical to responding to trading partner and customer demands. Acctivate is fitted with tools to calculate landed costs and cost of goods, manage multiple warehouse locations, and analyze trends and data for future forecasting. Managing your business with Acctivate EDI order management system will allow you to easily assess and optimize trading relationship profitability.